Triangle Securities Wealth Management reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 880 shares of the e-commerce giant’s stock after selling 8 shares during the quarter. Amazon.com comprises 1.2% of Triangle Securities Wealth Management’s holdings, making the stock its 21st largest holding. Triangle Securities Wealth Management’s holdings in Amazon.com were worth $2,428,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Advisor Group Holdings Inc. bought a new stake in Amazon.com in the first quarter worth approximately $294,639,000. Wealth Quarterback LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $2,313,511,000. Geode Capital Management LLC increased its holdings in shares of Amazon.com by 2.5% during the first quarter. Geode Capital Management LLC now owns 6,048,684 shares of the e-commerce giant’s stock valued at $11,768,454,000 after acquiring an additional 147,641 shares in the last quarter. Capital International Investors increased its holdings in shares of Amazon.com by 7.3% during the first quarter. Capital International Investors now owns 4,599,769 shares of the e-commerce giant’s stock valued at $8,968,262,000 after acquiring an additional 312,549 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Amazon.com by 10.7% during the first quarter. Capital Research Global Investors now owns 4,501,995 shares of the e-commerce giant’s stock valued at $8,777,634,000 after acquiring an additional 435,331 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.

Several equities research analysts have recently commented on AMZN shares. KeyCorp restated an “overweight” rating and set a $2,700.00 price objective (up previously from $2,400.00) on shares of Amazon.com in a report on Friday, May 1st. Wolfe Research downgraded Amazon.com to a “sell” rating and set a $1,987.00 price objective for the company. in a report on Monday, April 27th. Rowe upped their price target on Amazon.com from $2,500.00 to $3,000.00 and gave the stock a “positive” rating in a report on Friday, May 1st. Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a report on Wednesday, April 8th. Finally, SunTrust Banks upped their price target on Amazon.com from $2,700.00 to $3,400.00 and gave the stock a “buy” rating in a report on Friday, June 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $2,693.66.

In related news, CEO Andrew R. Jassy sold 6,945 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the completion of the sale, the chief executive officer now directly owns 93,105 shares in the company, valued at approximately $210,091,432.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 352 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $2,300.19, for a total value of $809,666.88. Following the sale, the senior vice president now owns 4,015 shares of the company’s stock, valued at $9,235,262.85. The disclosure for this sale can be found here. Insiders have sold a total of 9,497 shares of company stock worth $21,605,827 over the last quarter. Corporate insiders own 16.10% of the company’s stock.

Shares of Amazon.com stock traded up $83.88 during trading on Wednesday, hitting $3,084.00. 301,457 shares of the stock traded hands, compared to its average volume of 4,465,133. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1,504.84 billion, a price-to-earnings ratio of 145.88, a PEG ratio of 6.25 and a beta of 1.32. The firm’s fifty day moving average is $2,598.30 and its 200-day moving average is $2,168.47. Amazon.com, Inc. has a 52 week low of $1,626.03 and a 52 week high of $3,069.55.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 30th. The e-commerce giant reported $5.01 EPS for the quarter, missing the consensus estimate of $6.36 by ($1.35). The firm had revenue of $75.45 billion for the quarter, compared to the consensus estimate of $74.15 billion. Amazon.com had a net margin of 3.56% and a return on equity of 17.83%. Amazon.com’s revenue for the quarter was up 26.4% compared to the same quarter last year. During the same quarter last year, the company posted $7.09 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 19.99 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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